Hi all, I was talking to one of the local reputed bank for home mortgage for foreign nationals in USA. He mentioned that one of the requirements is to have TIN number. Although, I'm browsing google for some informatio...

Hey Guys,I'm considering selling the duplex I renovated in College Station and I don't know if I need to talk to a Real Estate Accountant or a Real Estate Attorney about my tax considerations. I have an interested bu...

Hey BP,

Could someone give me a run down of how 1031 exchanges work? I understand that the benefit is you do not have to pay capital gains tax, but how does it work exactly? Any feedback would be great.
Thanks,
Tom

How can you find out which houses are being rented on a block and which ones have owners living in the houses?

Written by IRA attorney John Hyre:The Mazzei Roth IRA Case – An End to Magical SchemesThe Tax Court took a major step in the direction of curtailing SDIRA abuse. The case will put the kibosh to a great many “IRA Stuff...

Use the link below to contact the State Senators who are involved with this bill, including your local Senator.  This has the potential to destroy small scale owners who also do all of the work themselves!  It offers ...

I dove into the IRS code today, and I think I have an airtight argument that the de minimis rule applies not only to personal property like refrigerators and computers, but also to materials and supplies used in impro...

I'm just starting out, so I haven't setup my company structure yet. I've read a few people that suggest just putting the properties in your name and then maximizing insurance. I would like to have more protection unde...

There are three 33% partners in an LLC and six equally distributed heirs (6).  We'd like to simplify the next generation's responsibility and sell one third to one partner in a cash out deal.  Two partners would remai...

Hello Everyone!

I have been doing REI for a few years now but never ran into this problem before. There is this house i want to buy and the seller wants to sell it to me. Problem is the IRS has placed a tax lien on ...